Easy and Safe Online Payment Tips Everyone Should Know

The world has become a global village; thus, online fraud has begun rising in the recent past. Both customers and merchants have become besieged by scammers. The major causes of this high rate of online payment fraud are mobile payments, the growth of e-commerce, card frauds, and data breaches. Due to this rise, we will look at tips on how to reduce fraud.

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Deal with respected websites only

There are more than 2 billion websites in the world. This has made a rise in fraudulent payment and scammers greater opportunities. Therefore, deal with an official website, and use cloud business accounting software, don’t pay them unless you are familiar with the business, or know it. Several security measures include business accounting techniques used to process these payments, such as Zarmoney and cloud business accounting software, that help prevent any financial information loss.

Use strong passwords

Password stealing is one of the most significant areas where fraud occurs, and creating strong passwords for your accounts is highly recommended. You shouldn’t use passwords that are easy to guess. A password that is more than six letters and numbers is preferred on all your business accounts, especially bank accounts.

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Regularly check statements

Never wait for the bills at the end of the month. Regularly check your financial statements making sure all debits are accurate. Finding fraudulent transactions early will assist in stopping the criminals before they take all your money. 

Be careful what you download

Cyber theft is on the rise, and criminals are aware that they can easily trick you into downloading malware. These are apps, games, programs that steal your financial information. If you are looking for business accounting software or other project management tools to more effectively manage your business, do your research, and go to their website when you’re ready to purchase. Don’t download anything on the internet unless you are sure that it is legitimate and that you went to the site to download, don’t trust anything that starts to download without your permission. Follow proper protocols when downloading software online.  

Using credit cards for online shopping

Using a credit card is more recommended than a debit card when you are making your purchases online. Debit cards don’t have the same protections that credit cards have. By law, you can not be held responsible for more than $50 of fraudulent activity on your credit card. On the other hand, if a crook takes all the money out of your checking or savings account, you have no recourse, and the money is gone.

Keeping the antivirus program up to date

The security system may not protect your computer from all threats, but not having an antivirus installed and kept up to date; you asking for trouble. Make sure to keep your computer up to date. Microsoft provides great free antivirus software, “Microsoft Security Essentials.” Another great free tool is AVG antivirus software. No matter what antivirus software you choose, make sure to pick one and keep it up to date. 

Payment services

Getting a third-party payment service is a good option whenever you are doing online shopping. Paypal and Zarmoney are the most popular modes of payment that you can use. This helps to keep your online bookkeeping up-to-date as you can integrate these payment system with your accounting software for instant tracking and monitoring. Business accounting software also provides redundancy and automatic backup in cases of compromise. These safety measures help reduce the chances of money swindling during your online payments.

Conclusion | Online Payment Tips

Whenever you are shopping or using your mobile phone, you don’t have to be afraid. Various antivirus software will provide the projections you need, whether, on your PC or phone, you can confidently make your online purchases knowing you have the tools to protect you from those trolling you.